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MSNBC
Nov 28, 2012 10:00pm PST
thoughts? >> do you have any impure thoughts about grover norquist? >> it is not about that pledge. >> i'm not obligated on the pledge. i will violate the pledge. >> deja vu all over again. >> he will be irrelevant. >> with the end of the world, deadly dragon, that would be interesting, except it's not true. >> he will be irrelevant and he knows it. >> what started as a bad week for the most famous grover since president cleveland has now gotten worse. the former chair of the house republicans campaign committee. who could always be relied upon to march in lock step with republican leadership has said he now agrees with president obama on taxes. >> we agree with the president on that. >> congressman cole said he thinks the house of representatives should simply pass the bill that has passed the senate, preserving the current tax rates for all except those in the top brackets, which would revert to the clinton tax rates. the current rates are expected to expire on new year's eve, all of them, and congressman cole has decided it's time to face reality. >> these tax rates are going up autom
Comedy Central
Nov 28, 2012 7:00pm PST
pledge created by the president of americans for tax reform, grover norquist. (thunder clashes) the two most terrifying words a republican can hear other than "buenos dias." (laughter and applause) but now some republicans are abandoning the anti-tax pledge as fast as they abandoned -- oh, what's his name? (laughter) i got it, don't help me, don't help me. rip flambe. (laughter) no, no, that's my personal train trainer. (laughter) no, the point is conservatives are jumping ship. >> i want to buy down debt and cut rates that create jobs but i will violate the pledge, long story short, for the good of the country. >> i'm not obligated on the pledge. the only thing i'm honoring is the oath that i take when i serve -- when i'm sworn in this january. >> a pledge you signed 20 years ago, 18 years ago is for that congress. for instance, if i was in congress in 1941 i would have signed the -- supported a declaration of war against japan. i'm not going to attack japan today. the world has changed. >> stephen: you heard it, folks. congressman peter king is not only raising your taxes, he's surren
MSNBC
Nov 28, 2012 8:00pm PST
-tax crusader, grover norquist attacking the wives of republican congressman? >> i hope his wife understands that commitments last a little longer than two years. >> tonight, lee saunders on the grassroots blast to pass the middle class tax cuts. >> small business owner, lou krantz, on his meeting with the president. congressman, steve israel, on the democratic momentum on the fiscal cliff. plus. >> karen finney on the new bizarre attack on ambassador, susan rice. >> all of the sudden, we are the bell of the ball. we are here to say, it's time to start to dance. >>> latino voters help put president obama over the top. now, the hispanic caucus says they want action. representative luis gutierrez joins me tonight. >>> good to have you with us. thanks for watching. president obama is selling his economic agenda and using all the right tools. the president was surrounded today by middle class taxpayers at the white house as he pushed for an extension of the tax cuts for income below $250,000. he was quick to highlight the break in the ranks with the republicans. >> i am glad to see, if you've be
MSNBC
Nov 28, 2012 11:00pm PST
that appears on your screen. >>> welcome back to "hardball." it's not the best of time for grover norquist. with republicans starting to kiss off his anti-text pledge, here's stephen colbert. >> obama's answer to taxes is to raise taxes on the wealthy because he ran on that promise and won the elections. it's like he's totally disregarding my dismisses ive finger quotes. what part of this don't you understand? president obama? republicans might let him do it, even though every republican in congress has signed the no taxes pledge, created by the president of americans for tax reform, grover norquist. the two most terrifying words a republican can hear, other than buenos dias. >> seems like republicans are having an easier time writing off norquist than appealing to latinos. >>> which former gop candidate got a nod on the cbs show "ncis: los angeles" last night? one of the detectives on last night's episode gave us a throwback to a certain candidate's tax plan. >> huh? look at all those center hits. nine, nine, nine. should change my name to herman cain. >> yeah? i think it's more like peew
FOX Business
Nov 28, 2012 7:00pm EST
stream. we are joined by grover norquist , president of americans for tax reform. i have to ask you. how does it feel to be a bully of lawmakers? i like this part especially, anti-tax sell at. the logical extremists. to find yourself is really being pointed that as the problem, not part of the solution here suddenly. how do you feel that? >> well, look. harry reid had a plan. he and obama and nancy pelosi were going to spend a great deal of money, and then they were going to turn to the republicans and say, okay. why don't you be responsible and raise taxes, put your finger prints on a tax increase to pay for our bigger government. republicans said no. harry reid has had a hissy fit for four years now, i'm happy the republicans would not raise taxes to pay for is bigger government. the problem is the american people don't want their taxes raised. lou: what i asked was how you feel? >> i am pleased as punch. harry reid, at having a hissy fit at me, he's really mad at the american people for not wanting to raise taxes. he personalizes it with me. lou: what about those folks like senator jo
FOX Business
Nov 28, 2012 10:00pm EST
have flat out repudiated their anti-tax increase pledge. the author of that pledge, grover norquist, here and we will ask him how it is that he came to be the villain in this piece, how it feels to be the subject of attacks from both the left and some on the right and what the future holds for those republicans who break their pledges to voters. also tonight, demonstrations for a sixth straight day in egypt. the united nations on statehood for palestinians tomorrow and the presidens spokesman says the white house is not concerned with ambassador rice misleading the public o benghazi. pillows a prize-winning journalist, a former pentagon official said among our guests. we begin tonight with that triple digit rally on wall street. the market interpreted positive statements on a potential deal on the fiscal cliff by house speaker and rebounded from what had been a 112-point slide after the morning's opening bell. the dow jones industrials reversed, as i said, on the speaker's positive remarks and finished the session up 107 points. s&p up 11, nasdaq gained 24. all ten s&p 500 sectors m
CNN
Nov 28, 2012 10:00pm PST
from your own party, including grover norquist? >> i admire him, i signed the pledge, i'm honored to do it. i don't think in this case we'll break or make what are temporary tax cuts permanent. i want to make all of them permanent, quite frankly. this is a debate about political tactics, not a difference about political theology, that is where we differ with the democr democrats. if we can get 80% of the tax rates for the american people person, i think we should do that, and fight for the rest. >> i spoke to grover norquist, he opposes anything along the lines of allowing a debate to go forward next year over the 2%, the 3%, the richest, those making over $250,000. >> well, look, grover norquist is my friend. we talk political strategy and politics all the time. this was my position, it was given in private. when it was asked, it was leaked by somebody, that is fine, i won't say anything different to you than my constituency in oklahoma, i am one voice, not king of the universe, i support the speaker. they're trying to do the right thing. i think in this case the democrats and the pres
CNN
Nov 29, 2012 1:00am PST
to and you're ready to fight for it despite the pushback from your own members, including grover norquist who puts forth that no new tax pledge? >> i admire grover norquist. i signed that pledge. i don't think we would be breaking it by making tax cuts temporary. i want to make all of them permanent quite frankly. this is a debate about political tactics. in the end, all republicans want to make sure that we don't increase taxes. but if there is a place that we can get 80% of the bush tax cuts for 98% of the american people permanent, i think we should do that and continue to fight for the rest are. >> i spoke to grover norquist yesterday, he opposes anything along the lines of allowing a debate to go forward next year over the 2%, the 3%. those making over $250,000 a year. he wants it all part of the same package. you disagree with him. >> well look, he is my friend. we talk you know political strategy and politics. this is my position. it was given in private. when it was asked. if was leaked by somebody. that's fine. i won't say one thing different to you than i would say to my own constit
CNN
Nov 28, 2012 7:00pm PST
from members, including grover norquist who puts forward the no new tax pledge. >> i admire grover norquist, i think he's done a lot of good. i signed that pledge, honored to do it. i don't think we're breaking it, i want to make all of the tax cuts permanent quite frankly. this is a debate about political tactics, a difference over political theology. all republicans want to make sure we don't increase taxes. where we differ with democrats. if there is a place we can get 80% of the bush tax cuts for 98% of the american people made permanent, we should do that and continue to fight for the rest. >> i spoke to grover norquist yesterday, he opposes anything along the lines of allowing debate to go forward next year over the 2% and 3%, and the riches americans, those making $250,000 a year. he want it all part of the same package. you disagree with it? >> well, look, grover norquist is my friend. and we talk, you know, political strategy and politics, this is my position. it was given in private, and when it was asked it was laked by somebody. again, that's fine. not going to say one
Current
Nov 29, 2012 3:00am PST
: so it seems grover norquist, his days may be numbered. more and more republicans are running away from him. i don't think his worry may be so much of the members of congress as their spouses. peter king yesterday talked about grover norquist. said watch out grover. >> this whole thing with norquist came up out of nowhere. again, going back -- the fact that he brought my wife into it, he's never meet me or my wife. he better hope he doesn't because i'll knock his head off. >> going to knock his head off. his wife would knock his head off. >> that's a bad moment. peter king's spouse is going to come for grover norquist. >> bill: if king was responding to the fact that grover norquist said his pledge is like the marriage pledge, right. the same power. the same -- and if you take your marriage vows, it is once and forever. and if you sign his pledge, it is once and forever. i don't think most members when they sign that had quite the same -- >> most members thought of as peter king. some of the folks on capitol
CSPAN
Nov 29, 2012 1:00am EST
to break away from the special interest pledge to grover norquist -- maybe on the part of republicans to participate in a balanced plan that gets us where we need to go. >> thank you all. >> president obama urged college -- urge congress to extend tax cuts. he spoke at the eisenhower executive office building for about 10 minutes. it travels to pennsylvania later this week to talk about taxes and the economy. >> thank you very much. everybody please have a seat -- except you guys. [laughter] good morning, everybody. there has been a lot of talk here in washington about the deadlines we are facing on taxes and deficits. these deadlines are going to be coming up very soon in the coming weeks. but today's important because i want to make sure everybody understands that this is not just about numbers. it is a set of major decisions that are going to expect millions of families all across this country in very significant ways, and their voices, the voices of the american people, have to be part of this debate. so i asked some friends of mine to join me, some folks from here in the area. ou
MSNBC
Nov 29, 2012 2:00am PST
on tuesday. >>> now here is a look at "scrambled politics." things are getting down right ugly between grover norquist and one of his former allies earlier this week he lashed out at peter king who said he's ready to walk away from the anti-tax pledge made in 1996 to avoid the fiscal cliff. >> everybody who signed the pledge including peter king who tried to weasel out of it, shame on him as the new york sun said today. i hope his wife understands that commitments last a little longer than two years or something. >> well, king got wind of that. it sounds like norquist better watch out for mrs. king. >> the fact that he brought my wife into it, i think he never met me, he certainly hasn't met my wife. he better hope he doesn't. she'll knock his head off. >> all right, president obama wants supporters to go on twitter as washington takes on the fiscal cliff. he's asking people to use the #my2k to explain what they would do with the $2,000 that could be lost to a middle class tax hike. one user talks about buying a mac book. the other talks about the child they're expecting and making the mortga
Current
Nov 28, 2012 5:00pm PST
with grover norquist. no longer would they be voting to increase taxes. we would be giving them limited opportunities to vote to cut taxes for middle income, working families and others who need it and deserve it. unfortunately, they wouldn't get the vote on restoring the bush-era rates for millionaires and billionaires for a total of dividends down to 15% or even back to the capital gains rates of clinton era or maybe back to the reagan era. we could talk about significant revenues that would not impact or hurt 98% of the people in this country. >> eliot: i think your logic is impeccable. i'm one of those saying for a long time let them expire. our hand only gets stronger as we go forwards january 1 and after. after january 15th, you can retroactively fix anything done between the expiration and the date that you pass a new bill. it's not as though these changes are permanent, and beyond correction by congress. >> in fact, the irs said they couldn't get new withholding tables for the new tax rate before march. we have month or two months in there to put in place targeted relief. we als
CNBC
Nov 29, 2012 9:00am EST
they will break with protocol. with grover norquist and his tax pledge to reach the deal on the fiscal cliff is sticking in solidarity with it. we're asking what he would be willing to compromise on. >> as we mentioned, house speaker boehner and other leadership meeting with treasury secretary geithner. boehner is expected to hold a press conference afterwards at 11:30 a.m. and we will bring it to you live. but when i was in an accident... i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my life. so i never missed a beat. that's health in numbers. unitedhealthcare. ♪ [ male announcer ] 'tis the season to discover the kid in all of us. enjoy free shipping and great values on your holiday shopping from l.l. bean. can i help you? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. you can st
MSNBC
Nov 29, 2012 2:00pm PST
anti-government people, if the grover norquist wing of anti-taxers can win an election or not, and virginia is a great test. it's now a swing state that they should, republicans should be able to win with the right kind of message. they didn't win it. a quote liberal won it according to stuart stevens. what does that tell you? can the real hard core right wing win a statewide election with a guy like cuccinelli? >> that will be the test. >> that will be the test. and they may be up against terry mcauliffe, the democrat who represents everything about the clinton/obama democratic party that the people in southside virginia can't stand, that they don't like. let's see -- >> he's a classic northern virginia guy. he works in washington. he's a bedroom community guy. which is fair enough but they don't like it. >> and i think howard is exactly right. this is going to be a real dynamic test for the gop on the national level, not just for virginia, but how -- >> guess who else is going to be -- his wife perhaps. bill clinton will be in there campaigning. showing he's still got the ch
CNN
Nov 28, 2012 5:00pm PST
. including grover norquist? >> i admire him. i signed that pledge. i don't think we would be breaking it. i want to make all of them permanent quite frankly. this is a debate about political tactics. in the end, ul republicans want to make sure that we don't increase taxes. but if there is a place that we can get 80% of the bush tax cuts, i think we should do that and continue to fight for the rest are. >> i spoke to him yesterday, he opposes anything along the lines of allowing a debate to go forward next year over the 2%, the 3%. he wants it all part of the same package. you disagree with him. >> well look, he is my friend. we talk you know political strategy and politics. this is my position. it was given in private. when he was asked, it was leaked by somebody. this is what i tell them. if they say what do you think we ought to do? i'm one voice. and i support the speaker. i recognize he is the speaker. they are trying to do the right thing. i think in this case the democrats and the president are trying to use the tax issue. instead they ought to be coming to the table with real reform
MSNBC
Nov 29, 2012 8:00am PST
people like grover nor norquist, and i know there is no love lost, but he's saying people on the right are having impure thoughts about potentially raising taxes, do you frng that grover norquist, his anti-tax pledge, is seeping back into the conversation here and keeping the right with the cement shoes on? >> sure, for some that's the case. and it is also the case that some on our left have their shoes in concrete, as well. they don't want to touch any spending. but the hard reality is we have to do both and every bipartisan group that's worked on this has reached that conclusion. so at the end of the day, i think people who are in the sensible center know you're going to have to come bodo both. revenue near a 60 year low as a share of our national income. spending is near a 60 year high as a share of our national income. so we're going to have to work both sides of the krequation. >> senators on the right have been very controversial in their remarks regarding susan rice and whether or not she will be nominated for secretary of state. but i want to play for everybody how the presiden
Current
Nov 29, 2012 6:00am PST
grover norquist be out there saying they better stay in line if there were no emerging split. >> stephanie: thank you. he's on tv almost every day with a different lie. >> and you know he doesn't belong on television. >> he's badder. >> please. >> stephanie: fox news. >> sound byte: the united states still is the idea of equality of opportunity, not the equality of outcome. what you have is a mod raid democratic party which is not your father's democratic party. you now have a democratic party so far to the left that they believe in fundamentally anti-american concepts of radical wealth redistribution in order to equalize everyone. that's not what america is about. >> that's not what they're about. you just made that up. >> you pulled that out of that shapely ass. >> stephanie: wow, that was a moment. >> wealth distribution is how she got her job. if fox did not redistrict their wealth into her pocket, i would see her on barham. >> stephanie: people who are not from la are so cute. >> he is from la. >> i'm from the other side. >> stephanie: you're so 310 snobby. i'm not a 818
CNN
Nov 28, 2012 9:00pm PST
by grover norquist, we shall not pay anymore taxes ever? >> at some point, there are too many taxes, but we're a long away from that. let's just look at earned taxes, lower than they were under president clinton put in place ten years ago. and all president obama is saying let's go from 35% to the top earners, to 39.6%, same as it was under president clinton, the economy did well. it is more than just a drop in the bucket. just raising rates on people making over 250,000, would be a trillion deficit -- >> a trillion dollars, henry, is nothing to be sniffed at. some urged the party to extend the bush-era tax cuts, for the households that earn less than $250,000, to insure the taxes don't go up. who cares anyway? >> sure, there is a point in there. i might dispute the numbers. i would argue as the members of my party, i would argue that we have a spending problem. as opposed to a revenue problem. to my friend steve's remark, about the clinton tax rates, that sounds great to go back to 39%. and yes, that was a time of balanced budgets. but actually, those balanced budgets bear little resemblan
FOX News
Nov 28, 2012 9:00pm PST
to be with you, sean. >> sean: grover norquist, americans for tax reform, you signed a pledge when you first ran for office, saying you wouldn't raise taxes or revenue, and said, well, i care more about this country i do about a 20-year pledge. you've taken heat for this. i want to give you a chance to explain. >> my difference with grover, it's pretty simple, the simpson-bowles plan that came out that said we're going to address the long-term debt of this country, recommended that you eliminate all tax credits and tax inclusions in a major tax reform package. the gang of six that i was a part of, still a part of, followed that recommendation. we think you ought to eliminate all of that. that will generate about $1.2 trillion in revenue. not new taxes. revenue. then you decide whether you're going to add the mortgage interest deduction, charitable deduction, other things back in there. so the question is, what do you do with that revenue that's been generated? we owe $16 trillion. i think that you got to pay part of that revenue toward that debt just like every single american that owns a home p
CSPAN
Nov 29, 2012 6:00am EST
as we are in the throne of grover norquist. >> according to press reports, not talking on the phone since saturday while the white house is busy launching a new online. >> back in 1996, president clinton brought me back to negotiate the balanced budget. i met with people who were smart, and nobody believed it could be done and nobody believed we could make progress. some of you were here when it happened. we were having constant meetings with them that not everybody was aware of to advance the ball. i can guarantee you there is no question in my mind the white house is serious about getting something done. i wish the discussions have started earlier. if you are at a corporation and had $7.20 trillion hitting your balance sheet at the end of the year, would you have started working on it in mid november? hell no, you would have been working on it all year long. we have the people in washington ready to turn their attention to it and they see their crisis coming. i believe they will get together and have these negotiations. there are only 10 working days left. if this were in the real
CSPAN
Nov 29, 2012 7:00am EST
. pittsburg,s from vermont, on the line for independents. caller: grover norquist was making a speech on c-span last week. he he mentioned that for taxing the rich, they should try in smaller states like vermont. i do not know if he has ever been to vermont. 90% of vermonters definitely are not rich. we are for the most part struggling middle-class. probably will 1% or 2% of vermonters make over $100,000 a year. the definitely needs to look of his demographics better. guest: i do not know if you've had a grover norquist on the show -- he is a very controversial figure. he has this taxpayer protection pledge that was set up in 1986 that he is gone and most of the republican lawmakers to sign. there have been some cracks in support for the pledge, because in addition to opposing tax increases, it opposes any reduction unless there is a comparable -- cuts and deductions, you make it up with further cuts in tax rates. maybe that pledge has run its course. i know grover norquist would not agree with that. host: if you go to c- span.org/fiscalcliff, everything that has been discussed on the fisc
PBS
Nov 28, 2012 6:00pm PST
't that overall effort because the romney campaign lost. >> but you do have grover norquist, the antitax activist, who has been very active on twitter told me today he considers it a great organizing tool. he's been about 50 television shows in the past week but it's not the same as having a presidential candidate who has a big megaphone. >> brown: permanent social media campaign. just what we need. the the daily download, howard kurtz, lauren ashburn, thanks so much. >> thanks, jeff. >> warner: again, the major developments of the day: president obama said he believes a framework for a debt-cutting deal can be reached in the coming weeks, possibly before christmas. stocks rebounded on the hopeful talk in washington. the dow industrials gained more than 100 points. and the top appellate courts in egypt went on strike against president muhammad morsi's move to assume near-absolute power. morsi planned to address the egyptian people tomorrow. >> warner: online, we continue our series on social entrepreneurs with a profile of a woman who's breaking taboos. hari sreenivasan has more. >> sreenivasan:
PBS
Nov 29, 2012 12:00am PST
is recognized across the political board, is it not? >> yes. >> yes. >> rose: and even libertarians -- >> grover norquist suddenly has common cause with al sharpton. >> now politicians across the political spectrum are waking up to this, and it's not out of concern over the families that have been decimated by the drug war. it's out of the attempt to balance state budgets in a time of economic crisis and finding that there's no way-- >> do you mind that? >> i think it is a problem if we do the right thing for the wrong reasons. lawsuit lawsui martin luther king used to say there is a danger in doing the right things for the wrong lesson. if we don't learn to care about people who are poor and locked into ghetto communities and we don't learn about them and for making decision for cost-saving purposes, we will continue to repeat the same kinds of mistakes over and over again in different form. so there is a momentef opportunity presented. by the fact that we have the attention of politicians across the political spectrum for the first time nay meaningful way. the question is what are we going to
MSNBC
Nov 29, 2012 6:00am PST
speak for themselves and just leave it at all. >> grover norquist -- you were talking about leverage and you believe republicans could get more leverage if they got this out of the way, called the white house's bluff, if you will and said, okay, fine, we'll give you this and have the larger debate. he believes the debt ceiling should be used as leverage. is that responsible governing? >> i think the speaker did, in our conference did the right thing last time. we were willing to raise the debt ceiling. that's a tough vote for republicans, but only if it was accompanied by reforms and long-term spending cuts. i actually think that's a good thing and should be institutionized. we should not continue on a course of piling up debt and not try to correct things. i think the speaker did the right thing, pushed for that, and we got it. as a result, we're going to have $2 trillion less in long-term debt thanks to what john mccain did. >> by the way, should there be a debt ceiling? is this sort of a ridiculous thing? >> i don't think it's ridiculous. i think it forces us to confront reality.
MSNBC
Nov 29, 2012 12:00pm PST
already sort of bucked the grover norquist pledge a little bit. saxby chambliss, marco rubio, lindsey graham. patty murray. a leader of the party's left wing. she's saying, basically, look, the cliff to me for politics and substance is not the worst deal in the world. it's a terrible deal if we can't get those tax hikes. again, if we can't win this fight now and change that discussion, let's go over the cliff. i'm kind of watching her to see what she says. because it kind of tells you how the president and his team are communicating with the democrats and what the negotiating room is going to be on entitlements. >> nick, thanks so much for that insight. >> thank you guys. >>> next, mitt at the white house? don't be alarmed. he's just having lunch with the president. too bad the president already ate his lunch. >> oh! >> how we think that conversation went as "the cycle" rolls on for thursday, november 29th. we're at walmart with the simmons family. how much is your current phone bill? four sixteen seventy six a month! okay, come with me -- we're gonna save you money. with straight tal
MSNBC
Nov 29, 2012 11:00am PST
's willing to break the grover norquist tax pledge. basically urging the party to take the president's deal of extending the tax cuts for 98% of americans right away. i want to play what he had to say to our chuck todd earlier today, though. >> the president says he wants to make 80% of the bush tax cuts permanent for 98% of the american people. and take them out of the discussion. i think we should do that. now, that advise was given in private. >> you didn't intend for this to go public? >> no, i absolutely didn't. again, it is what i said. it's not an inaccurate report. >> all right. he didn't really want it to get out there, but it's out there. it's feathers to the wind. michael, you can't get this back. you know that well with radio. once you say it, it's out there. feathers to the wind. do you agree congressman cole is actually giving the speaker more flexibility in the negotiations? >> yes. thomas, there's a tendency to watch these negotiations from the sidelines and to think that the prince piples speak for everyone. i think we learned two summers ago speaker boehner may be in a pos
CNN
Nov 29, 2012 2:00am PST
are waffling. we're standing strong on that point. >> do you think that's a pledge with grover norquist, with your constituents? there are others saying they have room around the pledge. >> well, that's a great question you just asked me. is that a pledge to my constituents. absolutely. in 2002 -- and i was running in a tough primary and those folks back in marietta, georgia, said, phil, are you going to take the grover norquist, americans for tax reform pledge. i said, yes, i will take it. many would have voted for my opponent. that plenl, i honor that. it's a pledge to my constituents. absolutely. >> all right. you say your constituents don't want you to raise taxes on the rich. let me show you what an abc/washington post poll shows. 60% would support raising taxes on incomes over $250,000 per year. you wouldn't do that? >> i understand that their perception. i have constituents that take that position as well. i'm sent to congress to represent 700,000 people in my northwest georgia district. they send me because they trust my judgment. they think i have the facts that maybe in many c
FOX Business
Nov 29, 2012 11:00am EST
revenue is on the table. we have republican senators saying they will stand up to the grover norquist tax pledge. they're willing to break it which is pretty big news. we also have the influential member of congress, republican tom cole saying we have got to agree to extend the tax cut just for those people making $250,000 and below and letting the more wealthy be taxed. definitely flexibility but what you see from democrats is an unwillingness to do serious entitlement reform that would lead to reductions in spending. they want to kick the can down the road and do more of the next year with the vague promises. dennis: the think republicans will be willing to agree upfront to more tax revenue or higher tax rates as we go without a firm cap on entitlement reform? >> that is the big question. what is a firm commitment? what they're going to look for is some spending cuts this year with an avenue towards entitlement reform next year is the best they are going to get. absolutely what the deal is going to be is the wealthier people, making $250,000 a year, will see their taxes go up. that is a
FOX Business
Nov 29, 2012 1:00pm EST
future tied up in this. not so long ago we had grover norquist on. said the president is going to have to back off, we have to raise taxes and low and behold the "wall street journal" ran a story saying just that, it will be a bargain. are you going to get it tomorrow? they will fuss with the income rate. that will be a part of the conversation as well. the longer it goes on, the more threat letters to the economy and the stock market because people don't know what to expense. one comment about the dividend story you are doing, don't forget these companies are run by big-time executives who get paid this way and are driving the chain. tracy: you can't blame them, somebody has to do it. ashley: don't miss gerri willis and m "the willis report" here n fox business. thank you. tracy: the white house using twitter as part of an arsenal in the fiscal cliff battle, but may not have been the best idea for them. ashley: we will be right back. [ male announcer ] this is jo woods' first day of rk. and his new boss told him twongs -- cook what you love, and save your money. joe doesn't know it ye
CNBC
Nov 29, 2012 6:00am EST
. that would go against the grover norquist pledge not to raise taxes. but one of those who signed the pledge is standing by his promise. senator ron john so thson joins. senator, thanks for being here. >> good morning. >> senator, we've been following all of these negotiations as the market has turning on every single bit of information that comes out. you say that you would not go along with any idea to raise those marginal tax rates. why is that? >> because everything we should be doing here should be concentrating on economic growth because that's time as more effective. let me give you a couple numbers. even with the very meager recovery that we've had, revenue has increased to the federal government by $344 billion per year. if we just return to a normal economy like we had in 2007, those policies of george bush where we had 18.5% of our economy coming to the federal government as revenue, that would be another $419 billion. so combined, that would be $750 billion per year of additional revenue. now, president obama's proposal of punishing success, it's hard to say exactly what it will
MSNBC
Nov 29, 2012 3:00am PST
that. but look at grover norquist's rhetoric in the last 24 hours. look at what tom cole said. look at how every day another republican comes out and says well, maybe we could stomach a slight tax rate increase if. those are all the building blocks that it takes to gradually get to a place where republicans can do something that they hate doing. they don't want to raise taxes. but what the president would say is, i don't care what you want. you don't have a choice. the bush tax cuts go away at the end of the year. i will let them all go away if that's what it takes to get the rate on top earners to go up. boehner knows that. he has a huge incentive to get something out of this deal. and the president has a huge incentive to get a deal because the last thing he wants is an economic funk to start his second term. that would be a bummer for him and a bummer for his policies. >> and if i was advising republicans, i would say you want to get re-elected? you want to be here on your party? look at chris christie. start to move over to the other side of the aisle. >> michael steele, i know
CSPAN
Nov 29, 2012 2:00am EST
opinion of grover norquist and the no-tax pledge. >> a question for steve schmidt -- what is your opinion of the grover norquist no-tax pledge? >> on the issue of taxes, it is true that we are at a historic low of revenue to g.d.p.. it has to come up. because a country with $16 trillion in debt with republicans -- which republicans and democrats are responsible for has to be fixed. we have to get on to a sustainable economic path. barry goldwater said tax cuts yes, the deficit reduction first. you have to baby bells. d. -- pay the bills. in your personal and public life -- you want to have a prescription drug benefits under medicare, that is great, you have to pay for it. you once two wars? you have to pay for them, too. we should understand something about the republican party over the last and years. it has been a big spending party -- it just does not want to pay for any of the spending. a reset of traditional conservatism requires that we be reality-based on the fiscal condition of the country and understand that the years of profligacy now require increased revenue. the notion that w
Current
Nov 28, 2012 4:00pm PST
by grover norquist and the right and the democrats will criticize on the left. >> cenk: they're going to cut medicare and medicaid. it's 100% guarantee. what are you going to do then. >> i don't believe it's 100% guarantee. the stronger we are as progressives, on the streets on the phones, the stronger possibility that we'll protect these vital programs. this fight is not over. the deal is not secretly set already. there are a lot of developments that could take place in these remaining four weeks. we just saw yesterday senator dick durban, one of the leaders in the senate changed his position and said they shoe not be part of any negotiations and short-term deal that would be entered into during the lame duck session. this is a good step in the right direction. i think that ultimately we need to take the high road here. we need to assume that we can win on this, act like we can win, and show the president, and show democrats and congress-- >> cenk: i got to wrap it up. >> that we have their backs. >> cenk: no, you have to do the exact opposite. that's what i'm getting at. yes, you fight bef
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